A firm with just 11 employees has emerged as Sheffield’s most profitable Top 100 company this year.
Danaher UK Industries is part of the Washington-based Danaher Corporation, which makes products ranging from hi-tech instruments used in healthcare, environmental monitoring and industry to Allen Keys and other mechanics’ and engineers’ tools.
The company, based at the Quadrant, almost trebled profits, despite a 25 per cent fall in turnover to rise from fourth to first place in the rankings.
Danaher Coporation’s subsidiaries include test meter specialist Fluke and Tektronix, network security and management company Arbor Networks and multinational vehicle and asset tracking specialist Navman Wireless.
Other subsidiaries include water disinfection systems specialist Trojan Technologies, analytical instrument maker Hach, dental digital imaging systems company Dexis and life sciences and diagnostics companies Leica Microsystems, Molecular Devices and Beckman Coulter.
Danaher also owns industrial technologies companies like colour science and technology companies Pantone and X-rite, coding and marking specialist Videojet, sensors, controls and valves business Gems Sensors & Controls and packaging, sign and displays machines business Esko.
The group’s UK business returned to Sheffield from Chesterfield in 2009
National law firm Irwin Mitchell, which entered the Top 100 and topped the Sheffield table last year as a result of the major changes in the ways legal businesses can be structured, has slipped back into second place after profits fell from £41 million to £24 million.
The law firm has been undergoing major growth in a number of areas, taking on staff at senior levels.
On the centenary of Harry Brearley’s discovery of stainless steel, Finnish stainless steel manufacturer Outokumpu’s Sheffield business almost trebled profits from £7.5 million to £21.4 million.
Outokumpu’s success has lifted it from 13th to third in the Sheffield table, ahead of previously second-placed construction group Henry Boot.
Newcomers Andaray Holdings have gone straight in to sixth place in the table.
Andaray is based at the Sheffield Road works of fastener manufacturer Cooper & Turner, which can trace its history back to the 1800s, when Joseph and James Turner founded a gun barrel business in Birmingham.
The company expanded into a number of other areas, including making rivets, and moved to Sheffield after amalgamating with Henry Cooper & Co in 1912.
Sheffield profits 2013
38 Danaher UK Industries 36,317
18 Irwin Mitchell LLP 24,420
2 Outokumpu Stainless 21,400
29 Henry Boot PLC 16,112
7 Insight Direct (UK) 9,743
74 Andaray (Holdings) 9,559
44 William Cook Holdings 8,995
85 Cse-Global (UK) 8,797
39 Schaeffler Automotive Aftermarket (UK) 8,362
10 E.L.G. Haniel Metals 8,247
1 SIG PLC 7,500
25 LUK (UK) 6,848
71 Special Steel Co 6,794
60 Bifrangi UK 6,610
34 Fennel Acquisition 6,041
69 Westfield Contributory Health Scheme 5,507
48 James Durrans & Sons 4,990
40 B. Braun Medical 4,623
32 Sheffield Forgemasters International 4,429
87 Transaction Network Services (UK) 3,838